Buying a Car During the Credit Crunch

343 messages, Last post on Nov 14, 2008 at 5:59 AM

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What is this discussion about? Car Buying, Car Financing, Car Leasing

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#330 of 343 Re: Can't beat my rate... [nippononly] by laura26 Nov 03, 2008 (5:17 pm)
Replying to: nippononly (Oct 01, 2008 8:43 am) I purchased a new Infiniti in June with .09% interest rate for 5 years. I was worried that I should have waited for better prices, but it sounds like I would never have gotten that rate ... do you think that is the case? Laura Replies to this message: nippononly (Nov 03, 2008 7:00 pm)
#331 of 343 Re: Can't beat my rate... [laura26] by nippononly Nov 03, 2008 (7:00 pm)
Replying to: laura26 (Nov 03, 2008 5:17 pm) Well, I think in the next 9 months we will see the automakers literally BEGGING us to buy a car, so great rates will be available for anybody with good credit who is buying from an automaker with the same. (not the domestics, in other words). So yes, you probably could have got a great rate later. But price? With dealers hunkering down and expecting much lower volume, I think the response will more often than not to be to shoot for more profit margin on each individual sale than when times were flush. PS Anyone know what happened to the 25 posts that just seem to be missing from this thread??

#330 of 343: Re: Can't beat my rate... [nippononly] by laura26; Nov 03, 2008 (5:17 pm)

Replying to: nippononly (Oct 01, 2008 8:43 am)

I purchased a new Infiniti in June with .09% interest rate for 5 years. I was worried that I should have waited for better prices, but it sounds like I would never have gotten that rate ... do you think that is the case? Laura

nippononly (Nov 03, 2008 7:00 pm)

#331 of 343: Re: Can't beat my rate... [laura26] by nippononly; Nov 03, 2008 (7:00 pm)

Replying to: laura26 (Nov 03, 2008 5:17 pm)

Well, I think in the next 9 months we will see the automakers literally BEGGING us to buy a car, so great rates will be available for anybody with good credit who is buying from an automaker with the same. (not the domestics, in other words).

So yes, you probably could have got a great rate later. But price? With dealers hunkering down and expecting much lower volume, I think the response will more often than not to be to shoot for more profit margin on each individual sale than when times were flush.

PS Anyone know what happened to the 25 posts that just seem to be missing from this thread??